T. Rowe Price is trading 5.05% higher in pre-market at $109.25 after reporting third-quarter results above Wall Street expectations. - Adjusted earnings were $2.86 per share and revenue was $2.00 billion, both ahead of estimates; controlled expenses and a lower tax bill supported results. - Despite the beat, quarterly net client outflows were $28.3 billion, and ending assets under management were $1.86 trillion. The earnings release was scheduled before the open on October 29, making company-specific results the clearest catalyst for the pre-market move.